The Center for Macroeconomic Analysis and Short-Term Forecasting (TSMAKP) reported that inflation in Russia slowed sharply between February 20 and March 11. Its value fell to 0,22% versus 0,48% in the previous three weeks.

The slowdown in inflation was the result of a set of measures taken by the government, including tightening foreign exchange regulations, introducing mandatory sales of foreign currency by exporters and limiting the export of gasoline and diesel fuel. Thanks to these measures, it was possible to somewhat neutralize the inflationary impulse from the Central Bank's increase in the key rate.

A significant contribution to the negative dynamics of inflation rates was made by a decrease in prices for chicken eggs (-1,6%) and chicken meat (-0,29%), which resulted in a decrease in the retail cost of pork and some other meat products, which occupy a significant share in the consumer basket.

The reduction in prices for motor fuel, although small, also determined the containment of inflation along technological chains due to the cumulative effect, reducing transport costs in the cost of goods.

In addition, the currency maneuver within the framework of import substitution and parallel imports limited the rise in prices for a number of foreign goods and food, in particular, the cost of iPhones decreased by 2,5%, fruits and vegetables - by 0,5%.

Budget investments in high-tech industries have begun to yield returns. Prices for Russian cars fell over three weeks by 1,7%, electric vacuum cleaners - by 0,71%, televisions - by 0,14%.

As a result, in March we can expect inflation to decline in annual terms to 7,5% (currently 7,69%).

Let us note that slowing inflation is an important factor in stabilizing the economy and increasing the well-being of the population. It is important that the government continues to take measures to curb rising prices and support the economy.